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Iraq`s senior envoy in Tehran expressed confidence that the two countries will soon sign an agreement to resume the export of Iranian electricity to the Arab state after supplies were halted last month.
Negotiations are underway on Iraq`s electricity import from Iran. The spirit of fraternity between the two sides will help settle the issue in the near future. Rajeh al-Moussawi said.
Iraqi media reported that Tehran abruptly cut power supply due to Iraq`s unpaid debts that is now said to be $1 billion.
Officials in Tehran say they are waiting for the government in Bagdad to renew the contract.
An Iranian delegation visited Iraq last week to discuss terms for a new contract. Iraq imported 800-1.000 MW of electricity per day from Iran under the previous contract.
Iran and Iraq are willing to resolve their political. economic and trade differences through constructive dialogue. the diplomat was quoted as saying.
According to reports. Iran is looking to incorporate terms in its new power deal with Iraq to ensure timely payments by the Arab neighbor which has been grappling with a chronic shortage of electricity for years.
Iran`s Energy Ministry said last year that Iraqi authorities had agreed to clear the debt by paying $100 million a month. However. after three installments they started to procrastinate.
